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Hearing Aid Clinics in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hearing Aid Clinics Market Research Report | Life Sciences | Healthcare Services | Mar 2016

All ears: An aging population and greater healthcare access will ring in demand

IBISWorld’s Hearing Aid Clinics market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Amplifon USA Amplifon USA market share
Sonova Sonova market share
Starkey Starkey market share
William Demant William Demant market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
2.9%
Annual Growth 16-21
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Profit
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Employment
11,728
Businesses
2,849
Industry Analysis & Industry Trends

The Hearing Aid Clinics industry is expected to grow during the five years to 2016. Following a multiyear drop during the recession, the industry has rebounded thanks to beneficial demographic trends, the expansion of private healthcare coverage and, ultimately, the improving economy. Because Medicare, the government-funded health insurance program that provides coverage for adults over the age of 65, does not cover hearing aids, out-of-pocket payments for industry products have remained important during the five years to 2016. Consequently, the rise in disposable income has benefited industry operators during this period. The persistence of current trends is expected to further grow the industry over the next five years.... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Hearing Aid Clinics industry has seen market share concentration rise over the past five years, with industry concentration reaching a medium level in 2016. IBISWorld estimates that during the current year, the industry’s five largest retailers will account for 46.4% of industry revenue. This represents a significant increase from five years prior, when the industry’s four largest players controlled an estimated 35.0% of industry revenue. However, outside of the industry’s handful of major players, most firms have limited market share and employ fewer than five people... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hearing Aid Clinics Industry?

This industry retails hearing aids for consumers of all demographics and ages. Industry operators also frequently provide hearing tests and consultation services within the store.

Industry Products
Analog hearing aidsDigital hearing aidsBatteries and accessories
 
Industry Activities
Selling hearing aid devicesProviding audiology examinationsProviding hearing consultation services


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